Uber Technologies Inc. is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride service said it will fight the suspension in court.
Tom Elvidge, general manager of Uber in London, told the newspaper his company would like to meet to resolve the situation. Rival Lyft Inc., a startup also based in San Francisco, may be positioning to benefit from Uber's demise in the capital after holding meetings with London transport officials in the past year, the Sunday Telegraph reported.
Transit agency Transport for London decided Friday to revoke Uber's license due to failures to do proper background checks on drivers, report crimes and a program called "Greyball" used to avoid regulators. London is one of Uber's largest and most lucrative markets, with 40,000 drivers and 3.5 million people who use the app once every 90 days.
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